I am asking this just to see the different opinions of Bitcoin community about its long term potential
I know Bitcoin is actually strong enough and stable as well
But what do you think about it after 100 years ?
What if I proposed that either inflation or deflation could be sustainable if done in a predictable and measured fashion?
The main failings of any system usually occur when hyperinflation or hyperdeflation occur, i.e. exceptional volatility compared to the norm. This debases the currency just as we saw happen to Bitcoin last year.
The USD's constant, structured inflation is offset by certain financial instruments to balance the money-machine out. The problem is only certain parties can really acquire the offset instruments, thus leading to the extreme imbalance of wealth we've seen develop since the 70's.It's way beyond me at that point. The impact Bitcoin is having on the world is paradigm changing, and I'm not that much of a visionary.
I think history has seen large wealth imbalances under both inflationary and deflationary currency schemes.
I think it may have more to do with the underlying social mechanisms that have become so intertwined with the current financial system that a lot of people blame the USD's failings on. The USD's management is a failure, yet I think it's a failure because it was leveraged as a tool to increase churn within the middle class, thus driving consumerism.
The USD had potential, and then it was squandered by those we entrusted it to. Just like a lot of other things in the country currently...